10 Worst States For Starting A Business

15 replies [Last post]
cp124
User offline. Last seen 4 years 14 weeks ago. Offline
Joined: 05/21/2005

Maine is 47th. Keep electing the economically challenged.

"Maine has so much scenic beauty," says Kerrigan, "but scenic beauty can't compensate for high taxes." Starting a business in the state could be as rocky as its coastline Property taxes are the second worst in the nation, and personal income and capital gains taxes are also amongst the highest. On the plus side, Maine boasts a highly skilled population.

http//money.cnn.com/galleries/2007/fsb/0711/gallery.Bottom10BestStates.fsb/5.html

angler.k
User offline. Last seen 1 year 11 weeks ago. Offline
Joined: 02/11/2006

Quote:
On the plus side, Maine boasts a highly skilled population.

:shock:

That's not what we hear from the tweed coat folks and those in Augusta... we keep hearing that we need more college grads in order to attract business (so send me more money).

JIMV
User offline. Last seen 2 years 20 weeks ago. Offline
Joined: 03/22/2005

You will note that all the worst are liberal hell holes.

Mary1
User offline. Last seen 4 years 6 weeks ago. Offline
Joined: 06/30/2005

Nice catch, Angler. It's funny how we have a skilled work force as a bonus when we need a cover up for our crappy economy, but when the collection plates are passed around we're devoid of anyone with a degree.

Mike Lange
User offline. Last seen 1 hour 43 min ago. Offline
Joined: 12/26/2006

I'm usually skeptical of surveys, which can be misleading at times. But speaking from personal experience, I found out that starting a business in this state is indeed cumbersome. I couldn't believe the number of fees and the amount of paperwork associated with forming a simple, two-person LLC.

Mark Turek
User offline. Last seen 39 weeks 3 days ago. Offline
Joined: 12/27/2005

n light of this current ranking, I wonder what will happen to us if/when John Richardson becomes our next governor? Since he's the current Commissioner for the Dept. of Economic and Community Development, and appears to be using some of our tax dollars to pave-the-way for his campaign, it's only a matter of time before we claim another #1 "worst state" title.

It's time for some serious changes in Augusta...but few legislators seem willing to embrace this concept. Sad but true!

cp124
User offline. Last seen 4 years 14 weeks ago. Offline
Joined: 05/21/2005

Mark Turek wrote:
n light of this current ranking, I wonder what will happen to us if/when John Richardson becomes our next governor? Since he's the current Commissioner for the Dept. of Economic and Community Development, and appears to be using some of our tax dollars to pave-the-way for his campaign, it's only a matter of time before we claim another #1 "worst state" title.

It's time for some serious changes in Augusta...but few legislators seem willing to embrace this concept. Sad but true!

I was recently at a business meeting where John Richardson spoke and he actually said that the problem is that we need to have a better attitude for things to get better. I couldn't believe what I was hearing. Of course the next speaker was Bill Becker who explained what the real problems were facing small business.

Mike_in_Maine
User offline. Last seen 46 weeks 3 days ago. Offline
Joined: 05/11/2004

Legal fight erodes appeal of Poland Spring's plan for bottling plant
When Fryeburg denied the company a permit, it may have reflected residents' growing disenchantment

Sort of fits the Maine anti-business NIMBY model

landry
User offline. Last seen 4 years 32 weeks ago. Offline
Joined: 07/25/2002

A highly skilled worker does not always mean a highly educated worker.
Bud

Doug Thomas
User offline. Last seen 2 days 15 hours ago. Offline
Joined: 08/29/1999

The Labor Committee did its share yesterday to destroy our economy. We voted to require employers of 25 or more to give employees 9 days of paid sick leave.

Next week the minimum wage.

At this rate it won’t be long before working people can’t afford to live in Maine.

EJ
User offline. Last seen 4 years 27 weeks ago. Offline
Joined: 03/14/2003

Doug

Is that 25 Full Time employees? Partime or seasonal?

Damn, 9 days of sick pay, looks like this businessman would have to pay minimum wage or not keep full time employees.

That is aweful, especially if a company has PTO (PaidTimeOff) Vacation.sick/other

Ed

Mike Beardsley
User offline. Last seen 3 days 1 hour ago. Offline
Joined: 01/26/2005

Maine Leads List Of The Worst States For Business (#1 again or should I say # 50)

For the third straight year Maine ranks No. 50 in Forbes seventh annual Best States for Business.

Source: Forbes

Dale Tudor
User offline. Last seen 12 hours 49 min ago. Offline
Joined: 10/23/2010

The full Forbes article should be required reading for all Maine legislators and educators. Thanks for posting it. Merry Christmas.

rivermede
User offline. Last seen 16 hours 33 min ago. Offline
Joined: 03/06/2005

Can't wait for this to be on the front page of the PPH

Vic Berardelli
User offline. Last seen 1 hour 57 min ago. Offline
Joined: 12/26/2001

It might not just be politics. Toward the bottom of the article Mike Beardsley posted, Forbes says:

The businesses that are located there are not very efficient. Gross state product per employee is a proxy for the productivity of a state and Maine’s $87,000 of economic activity per employee beats only West Virginia and Montana. A bigger issue is that productivity has barely improved the past five years. The 0.2% growth in GSP per employee is the worst in the U.S.

David Allen
User offline. Last seen 2 hours 44 min ago. Offline
Joined: 08/05/2011

Dale, good post